Terminal inauguration

First cargo of liquefied natural gas (LNG) is expected to be delivered to Pakistan on November 24 for its just inaugurated second LNG terminal in Karachi which has been set up by a consortium. This good announcement was made by Prime Minister Shahid Khaqan Abbasi himself while inaugurating the terminal which will be importing 4.5 million tonnes of LNG annually and that two terminals have already been built and another five more are in the pipeline.
According to the reports in the media, the PM reiterated that the government is committed to address the energy shortage and already quite successfully considerably reduced the gap between demand and supply both in the electricity and gas and the work is speedily progressing on a number of power projects in parts of the country to overcome the challenge sooner.
He quite rightly termed the LNG terminal a success story saying all new terminals are being set up by the private sector and the role of the government is limited to that of a facilitator to the consumers and the suppliers as the government’s function is not to do business but to provide a regulatory framework. Pakistan is currently importing 600 million mmcfd of LNG daily through its first LNG terminal at Port Qasim and the second one, also built by the private sector , will handle another 600 mmcfd per day.

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